The key tasks for the future are developing existing and additional servicing capacities and using SMTB’s global business network. The other major focus will involve strategic investment in technology solutions.

The transaction allows Daiwa to focus on its securities and investment banking products. However Daiwa will continue to maintain the servicing of its offshore fund business with global asset services.

SMTB is one of Japan’s largest financial institutions with a capital of JPY342.0bn and total assets of JPY33,303.2bn.